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Non-Tech : London Pacific Group - LPGL doubles... -- Ignore unavailable to you. Want to Upgrade?

To: rupert1 who wrote (205)	4/17/1999 6:21:00 PM
From: xcr600	Read Replies (1) \| Respond to of 737

Also has anyone checked any of the other BICC private investments for IPO plans? Working on it. x

To: rupert1 who wrote (205)	4/17/1999 11:29:00 PM
From: Jimbo Cobb	Respond to of 737

Victor...I won't pretend to be smart enough to be able to give a rational analysis for long-term fundamental value of LPGLY based on price increase of NETP/RAMP IPO's. If you think this is a process that LPGLY can repeat on a regular basis (investing millions of dollars at $1-$5/share and watching them increase after a couple years to $50-$100/range, then I would think LPGLY would deserve a multiple many times above what it is currently trading. If you want to take the most obvious method, I'd just say the market value of LPGLY should increase at roughly a 1-to-1 rate as the value of their investments increase...maybe there should be a bit of a discount since the holdings aren't totally liquid. Although LPGLY may well be a great long-term investment, that's not really my objective here, so I don't really care about all that stuff anyway...The bottom line is that this stock should see some serious short-term momentum with a big ownership stake in next week's hottest (likely) Internet IPO and another upcoming hot Internet/networking IPO just a month or two away....normally a "backdoor Internet IPO" play has a letdown right after the actual IPO, but the RAMP IPO upcoming should serve as insurance against any major sell-off and should also keep the short-sellers from jumping in right after the NETP IPO. I think LPGLY under $30 is a steal unless Internet stocks take a major hit (and if that happens I suppose I can always go long-term and enjoy LPGLY's healthy dividend.....jajajajajajajaja). Jimbo.